The American Institute of CPAs and the Chartered Institute of Management Accountants formally launched their Chartered Global Management Accountant designation on Tuesday with a joint event in New York and London.

The CGMA designation is intended to elevate the discipline of management accounting by establishing global quality standards for ethics and performance. In the U.S. it reinforces the professional capabilities of CPAs working in business and will give them access to competency-enhancing resources. The AICPA and the CIMA are offering the CGMA as a joint venture between the two U.S. and U.K.-based organizations.

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